Gran Colombia is on track to meet 2021 production target, declares monthly dividend
(Kitco News) - Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) announced today that it remains on track to produce between 200,000 and 220,000 ounces of gold in 2021 from its high-grade Segovia operations in Antioquia, Colombia.
The company said that in February 2021, Gran Colombia produced 15,354 ounces of gold and 18,922 ounces of silver at Segovia bringing the total for the first two months of the year to 30,415 ounces of gold and 37,519 ounces of silver.
Gran Colombia processed 42,345 tonnes in February 2021 at its Segovia operations, up from 41,426 tonnes last month, despite February being a shorter month. Head grades and mill recovery averaged 12.54 g/t and 90%, respectively, in February. This brings the daily processing rate to an average of 1,420 tpd for the first two months of 2021 with an average head grade of 12.55 g/t and mill recovery of 90%.
Gran Colombia has also announced today that its board has declared the next monthly dividend of CA$0.015 per common share will be paid on April 15, 2021 to shareholders of record as of the close of business on March 31, 2021.
Gran Colombia is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia operations.